Applebee's NNN Investment Opportunity

3501 N Main St, Altus, OK

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For Sale

Contact for pricing

NNN leased Applebee's with annual rent increases in Altus, OK.

Type:RETAIL

Property size:

4,854 SF

Lot size:

1.10 Acres

Price / SF:

$352/SF

HighLights

7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities
Annual Rent Increases Providing a Hedge Against Inflation
Strong Guarantee From RMH Franchise Holdings – Operating Over 130 Restaurants
Healthy Rent to Sales Ratio
Located in Altus, Home to Altus Air Force Base (Over 2,000 Permanent Military Personnel)
Nearby National Retailers: Walmart, Whataburger, Starbucks, Chick‑fil‑A, and More

We can help!

Listing Contact

Jordan Mulloy

For Sale

Contact for pricing

NNN leased Applebee's with annual rent increases in Altus, OK.

Type:RETAIL

Property size:

4,854 SF

Lot size:

1.10 Acres

Price / SF:

$352/SF

Added:: Apr 10, 2025
Days on Market:: 431
Last Refresh:: May 20 at 9:13 pm

Property Features for 3501 N Main St

General Information

Standard status: Active
Size: 4,854 SF
Lot size: 1.10 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Jordan Mulloy

Listing agent Max Freedman License #TX 644481

Listing office Sands Investment Group (SIG) | Austin

Listing date Apr 10, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) | Austin

HighLights

7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities
Annual Rent Increases Providing a Hedge Against Inflation
Strong Guarantee From RMH Franchise Holdings – Operating Over 130 Restaurants
Healthy Rent to Sales Ratio
Located in Altus, Home to Altus Air Force Base (Over 2,000 Permanent Military Personnel)
Nearby National Retailers: Walmart, Whataburger, Starbucks, Chick‑fil‑A, and More

Overview

This 4,854 square foot property is occupied by Applebee's, located at 3501 North Main Street in Altus, OK. The property is offered for sale and includes over 7 years remaining on a triple net (NNN) lease with zero landlord responsibilities. The lease features annual rent increases. The guarantor is RMH Franchise Holdings, which currently operates over 130 restaurants across 14 states. The location has a healthy rent to sales ratio. Nearby national retailers include Walmart Supercenter, Whataburger, Starbucks, Chick-fil-A, Chicken Express, Taco Bell, Hobby Lobby, and Pizza Hut. Altus is home to Altus Air Force Base, which supports over 2,000 permanent military personnel and trains over 2,000 students annually.

Property Profile Location Intelligence

Current Use by Public Records

Applebee's Grill + Bar Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Altus
County: Jackson
State: Oklahoma
Longitude: -99.335
Latitude: 34.6747

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For sale
Restaurants
OK
Altus
3501 N Main St

What type of property is this?

Restaurant - NNN leased Applebee's with annual rent increases in Altus, OK.

Where is this restaurant located?

The property is located at 3501 N Main St Altus, OK.

What is the asking price?

The asking price for this property is $1,713,315.

What are key features of this property?

This property features: 7+ Years Remaining on a Triple Net (NNN) Lease With Zero Landlord Responsibilities; Annual Rent Increases Providing a Hedge Against Inflation; Strong Guarantee From RMH Franchise Holdings – Operating Over 130 Restaurants

3501 N Main St, Altus, OK

NNN leased Applebee's with annual rent increases in Altus, OK.

Property Features for 3501 N Main St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Altus, Oklahoma Business Complex

Two-Story Brick Office Building

Altus Automotive Business and Property

Aviation Property with Runway, Hangar

Altus Restaurant in Prime Location

Econo Lodge Multifamily Conversion Opportunity

Prime Location Commercial Property

Warehouse on Large Lot

Versatile Building with Flexible Space

Remodeled Commercial Building in Altus

Former Convenience Store and Gas

Remodeled Office Building with Parking

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